Early years

In 1993, Arkadiy Dobkin and Leo Lozner founded EPAM, a global software engineering services company, in New Jersey, USA and Minsk, Belarus.^[4]

In 2002, EPAM was ranked publicly for the first time as a fast-growing company by Deloitte & Touche.^[5] In the same year, the company became the first Belarusian player on the London Stock Exchange.^[6]

In 2012, EPAM was listed on New York Stock Exchange under the moniker EPAM, becoming the first company from Belarus on NYSE.^[7][8]

Timeline

In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America.^[9]

In 2006, EPAM secured an equity investment from Siguler Guff to fund its competitive growth plans.^[10]

In 2006, EPAM acquired VDI, a software development services company with delivery centers in Russia, which expanded the company’s presence in the CIS region.^[11] That year, EPAM CEO Arkadiy Dobkin was named one of the Top 25 Most Influential Consultants of the Year by Consulting Magazine.^[12]

In late 2012, EPAM made two acquisitions – Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile,^[13] and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce.^[14]

EPAM made two acquisitions in 2018 to expand its service offerings: Continuum (now EPAM Continuum) ^[15] and TH_NK^[16] to add consulting capabilities and develop its digital and service design practices. Also that year, EPAM launched InfoNgen®, a text analytics and sentiment analysis enterprise software product that uses artificial intelligence.^[17]

The company also productized TelescopeAI®, an artificial intelligence-based platform for IT operations and workforce management, which won a 2019 Big Innovation Award presented by the Business Intelligence Group.^[18]

In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA).^[19] That year, the company launched EPAM Continuum, its service for business, experience and technology consulting.

The company also launched EPAM SolutionsHub, a catalogue of its software products, accelerators and open source platforms. As part of its SolutionsHub launch, EPAM also released the Open Source Contributor Index (OSCI), a tool that ranks the top open-source contributors by a commercial organization.^[20]

In August 2021, EPAM expanded its presence in Latin America through the acquisition of Colombia-based S4N,^[21] a software development services firm specializing in the design and development of modern software products and enterprise platforms.^[22]

In July 2021, EPAM acquired CORE SE,^[23] a professional service provider specializing in IT strategy and technology-driven transformations, to further expand its Western European footprint in the DACH region.

In May 2021, EPAM acquired Just-BI,^[24] a Netherlands-based consultancy specializing in SAP/S4HANA and enterprise data and analytics program management.

EPAM acquired Israel-based cybersecurity services provider White-Hat Ltd. in May 2021.^[25]

In April 2021, EPAM acquired PolSource,^[26] a Salesforce Consulting Partner with more than 350 Salesforce specialists across the Americas and Europe.

In December 2021, EPAM joined the S&P 500 American market index.^[27]

In May 2021, EPAM Systems ranked 1,804 on the Forbes Global 2000 list.^[28]

In 2022, EPAM announced several strategic acquisitions and investments, including a majority stake in U.S. software firm Contino and a minority stake in U.K. AI-driven data analytics firm Noodle.io.^[29]